Cash flow J.Front Retailing Co., Ltd.

Equities

3086

JP3386380004

Department Stores

Market Closed - Japan Exchange Other stock markets 01:30:00 2024-12-06 am EST			5-day change	1st Jan Change
1,888.00 ^JPY	+0.56%		+6.10%	+47.16%

Nov. 18	J. Front Retailing's Consolidated Sales Up 12% in October	MT
Nov. 15	J. Front Retailing Co., Ltd. Reports Consolidated Revenue Results for the October 2024	CI

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Published financial data: J.FRONT RETAILING CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2020	2021	2022	2023	2024
Revenues	481B	319B	331B	360B	407B
Other Revenues, Total	-	-	-	-	-
Total Revenues	481B	319B	331B	360B	407B
Cost of Goods Sold, Total	274B	185B	184B	190B	211B
Gross Profit	207B	134B	148B	170B	196B
Selling General & Admin Expenses, Total	131B	107B	110B	118B	126B
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	30.6B	25.14B	25.97B	26.92B	25.05B
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-1.53B	10.09B	1.88B	-1.41B	-666M
Other Operating Expenses, Total	160B	142B	138B	143B	151B
Operating Income	46.89B	-7.72B	9.84B	26.26B	45B
Interest Expense, Total	-5.65B	-5.58B	-5.21B	-4.74B	-4.33B
Interest And Investment Income	1.09B	962M	1.34B	870M	1.61B
Net Interest Expenses	-4.56B	-4.62B	-3.88B	-3.87B	-2.73B
Income (Loss) On Equity Invest.	1.64B	717M	1.36B	2.16B	1.53B
Other Non Operating Income (Expenses)	-211M	2.07B	735M	432M	-363M
EBT, Excl. Unusual Items	43.77B	-9.55B	8.06B	24.98B	43.44B
Restructuring Charges	-4.12B	-4.66B	-3.8B	-1.89B	-3M
Gain (Loss) On Sale Of Investments	-	-	2.13B	-	760M
Gain (Loss) On Sale Of Assets	-744M	-1.26B	940M	-1.31B	-545M
Asset Writedown	-1.74B	-13.2B	-1.14B	-4.9B	-2.31B
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	37.16B	-28.67B	6.19B	16.87B	41.34B
Income Tax Expense	13.77B	-2.25B	2.22B	2.61B	11.1B
Earnings From Continuing Operations	23.39B	-26.42B	3.96B	14.26B	30.25B
Net Income to Company	23.39B	-26.42B	3.96B	14.26B	30.25B
Minority Interest	-2.14B	227M	356M	-25M	-333M
Net Income - (IS)	21.25B	-26.19B	4.32B	14.24B	29.91B
Net Income to Common Incl Extra Items	21.25B	-26.19B	4.32B	14.24B	29.91B
Net Income to Common Excl. Extra Items	21.25B	-26.19B	4.32B	14.24B	29.91B
Per Share Items
Net EPS - Basic	81.18	-100.03	16.5	54.32	114.06
Basic EPS - Continuing Operations	81.18	-100.03	16.5	54.32	114.06
Basic Weighted Average Shares Outstanding	262M	262M	262M	262M	262M
Net EPS - Diluted	81.17	-100.03	16.5	54.3	114.06
Diluted EPS - Continuing Operations	81.17	-100.03	16.5	54.3	114.06
Diluted Weighted Average Shares Outstanding	262M	262M	262M	262M	262M
Normalized Basic EPS	96.32	-21.94	20.58	59.48	102.25
Normalized Diluted EPS	96.3	-21.94	20.58	59.45	102.25
Dividend Per Share	36	27	29	31	36
Payout Ratio	44.21	-26.94	193.2	55.01	27.95
Supplemental Items
EBITDA	97.85B	42.64B	59.46B	75.37B	91.49B
EBITA	46.89B	-7.72B	9.84B	26.26B	45B
EBIT	46.89B	-7.72B	9.84B	26.26B	45B
EBITDAR	100B	44.75B	-	-	-
Effective Tax Rate - (Ratio)	37.05	7.85	35.94	15.47	26.84
Normalized Net Income	25.21B	-5.74B	5.39B	15.59B	26.82B
Non-Cash Pension Expense	-3.9B	96M	170M	44M	275M
Supplemental Operating Expense Items
Advertising Expense	11.73B	8B	9.19B	10.49B	10.64B
Selling and Marketing Expenses	11.73B	8B	9.19B	10.49B	10.64B
Net Rental Expense, Total	2.39B	2.1B	-	-	-
Imputed Operating Lease Interest Expense	326M	180M	-	-	-
Imputed Operating Lease Depreciation	2.06B	1.92B	-	-	-

Fiscal Period: February	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	34.63B	129B	93.28B	39.87B	71.34B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	34.63B	129B	93.28B	39.87B	71.34B
Accounts Receivable, Total	144B	113B	112B	129B	143B
Total Receivables	144B	113B	112B	129B	143B
Inventory	19.17B	20.68B	12.46B	16.93B	15.19B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	10.38B	10.58B	16.88B	15.93B	16.64B
Total Current Assets	208B	274B	235B	202B	247B
Net Property Plant And Equipment	653B	651B	621B	589B	566B
Long-term Investments	363B	326B	321B	318B	290B
Goodwill	523M	523M	523M	995M	560M
Other Intangibles, Total	5.66B	5.75B	7.29B	7.8B	7.89B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	9.99B	6.75B	8.21B	3.14B	3.64B
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	6M	3M	5M	5M	4M
Total Assets	1,240B	1,264B	1,193B	1,121B	1,115B
Liabilities
Accounts Payable, Total	144B	122B	116B	134B	151B
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	98.4B	145B	88.15B	63.53B	37.33B
Current Portion of Long-Term Debt	10B	-	20B	-	20B
Current Portion of Leases	29.49B	29.8B	28.55B	28.41B	27.22B
Current Income Taxes Payable	4.35B	1.96B	4.48B	1.53B	7.18B
Other Current Liabilities	87.63B	91.08B	90.12B	90.65B	88.3B
Total Current Liabilities	374B	390B	347B	318B	331B
Long-Term Debt	150B	215B	210B	186B	157B
Long-Term Leases	191B	173B	156B	136B	123B
Pension & Other Post Retirement Benefits	20.18B	19.78B	19.42B	16.75B	15.98B
Deferred Tax Liability Non Current	58.83B	51.3B	51.7B	48.37B	51.44B
Other Non Current Liabilities	46.86B	50.51B	46.86B	44.46B	41.97B
Total Liabilities	841B	899B	831B	750B	720B
Common Stock, Total	31.97B	31.97B	31.97B	31.97B	31.97B
Additional Paid In Capital	189B	189B	189B	189B	189B
Retained Earnings	169B	137B	135B	142B	168B
Treasury Stock	-14.97B	-14.83B	-14.78B	-14.47B	-14.23B
Comprehensive Income and Other	11.64B	9.58B	9.58B	10.66B	7.38B
Total Common Equity	387B	352B	350B	359B	382B
Minority Interest	12.49B	12.17B	11.75B	12.02B	12.33B
Total Equity	400B	364B	362B	371B	394B
Total Liabilities And Equity	1,240B	1,264B	1,193B	1,121B	1,115B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	262M	262M	262M	262M	263M
ECS Total Common Shares Outstanding	262M	262M	262M	262M	263M
Book Value / Share	1.48K	1.34K	1.34K	1.37K	1.45K
Tangible Book Value	381B	346B	343B	351B	373B
Tangible Book Value Per Share	1.46K	1.32K	1.31K	1.34K	1.42K
Total Debt	479B	563B	502B	414B	364B
Net Debt	444B	434B	409B	374B	293B
Debt Equivalent of Unfunded Proj. Benefit Obligation	8.09B	10.68B	9.91B	10.61B	7.49B
Debt Equivalent Oper. Leases	19.11B	16.84B	-	-	-
Minority Interest, Total (Incl. Fin. Div)	12.49B	12.17B	11.75B	12.02B	12.33B
Equity Method Investments, Total	37.44B	37.82B	38.76B	41.4B	23.53B
Inventories - Raw Materials, Total	324M	495M	360M	546M	371M
Inventories - Work In Process, Total	221M	127M	117M	4.33B	2.16B
Inventories - Finished Goods, Total	18.62B	20.06B	11.98B	12.05B	12.66B
Inventories - Others	2M	1M	-	1M	1M
Full Time Employees	6.58K	6.53K	5.59K	5.12K	5.28K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: February	2020	2021	2022	2023	2024
Net Income	37.16B	-28.67B	6.19B	16.87B	41.34B
Depreciation & Amortization - CF	50.95B	50.36B	49.63B	49.11B	46.49B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	50.95B	50.36B	49.63B	49.11B	46.49B
(Gain) Loss From Sale Of Asset	3.24B	15.38B	196M	7.23B	2.86B
(Gain) Loss on Sale of Investments - (CF)	-	-	-2.13B	-	-
(Income) Loss On Equity Investments - (CF)	-1.64B	-717M	-1.36B	-2.16B	-1.53B
Other Operating Activities, Total	-17.87B	-636M	-3.32B	-6.73B	-3.31B
Change In Accounts Receivable	-6.9B	26.61B	-536M	-16.9B	-13.01B
Change In Inventories	20.17B	-1.52B	5.9B	-2.18B	3.75B
Change In Accounts Payable	-4.07B	-12.72B	-4.16B	17.6B	18B
Change in Other Net Operating Assets	-7.69B	8.39B	-544M	2.64B	-3.89B
Cash from Operations	73.36B	56.47B	49.87B	65.48B	90.69B
Capital Expenditure	-33.07B	-14.73B	-5.82B	-8.64B	-7.03B
Sale of Property, Plant, and Equipment	930M	7M	492M	190M	241M
Cash Acquisitions	-	-	-	-207M	-
Divestitures	-	-	3.48B	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-2.86B
Investment in Marketable and Equity Securities, Total	-15.02B	79M	-257M	126M	20.29B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-2.4B	-6.23B	-3.18B	-4.84B	2.79B
Cash from Investing	-49.56B	-20.87B	-5.29B	-13.37B	13.43B
Short Term Debt Issued, Total	57.48B	66B	-	-	-
Long-Term Debt Issued, Total	40.16B	82B	29.87B	5.5B	3.4B
Total Debt Issued	97.64B	148B	29.87B	5.5B	3.4B
Short Term Debt Repaid, Total	-	-13B	-55B	-39B	-9.1B
Long-Term Debt Repaid, Total	-13.8B	-33.4B	-17.15B	-35.15B	-29.53B
Total Debt Repaid	-13.8B	-46.4B	-72.15B	-74.15B	-38.63B
Repurchase of Common Stock	-10M	-3M	-32M	-9M	-8M
Common & Preferred Stock Dividends Paid	-9.4B	-7.06B	-8.35B	-7.83B	-8.36B
Common & Preferred Stock Dividends Paid	-9.4B	-7.06B	-8.35B	-7.83B	-8.36B
Other Financing Activities, Total	-89.27B	-35.82B	-29.73B	-29.2B	-29.15B
Cash from Financing	-14.83B	58.73B	-80.39B	-106B	-72.75B
Foreign Exchange Rate Adjustments	4M	-37M	168M	181M	92M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	8.97B	94.29B	-35.65B	-53.4B	31.47B
Supplemental Items
Cash Interest Paid	5.89B	6.03B	5.81B	5.17B	4.8B
Cash Income Tax Paid (Refund)	17.13B	75M	2.4B	6.2B	2.8B
Levered Free Cash Flow	48.83B	35.41B	45.5B	48.84B	69.54B
Unlevered Free Cash Flow	52.37B	38.9B	48.76B	51.8B	72.25B
Change In Net Working Capital	-5.18B	-8.09B	1.2B	5.08B	-7.52B
Net Debt Issued / Repaid	83.84B	102B	-42.28B	-68.65B	-35.23B

Fiscal Period: February	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.58	-0.39	0.5	1.42	2.52
Return on Total Capital	3.83	-0.53	0.69	1.99	3.64
Return On Equity %	5.39	-6.92	1.09	3.89	7.9
Return on Common Equity	5.31	-7.09	1.23	4.01	8.07
Margin Analysis
Gross Profit Margin %	43.06	42.11	44.6	47.14	48.04
SG&A Margin	27.25	33.49	33.23	32.74	30.99
EBITDA Margin %	20.36	13.36	17.94	20.95	22.48
EBITA Margin %	9.76	-2.42	2.97	7.3	11.06
EBIT Margin %	9.76	-2.42	2.97	7.3	11.06
Income From Continuing Operations Margin %	4.87	-8.28	1.2	3.97	7.43
Net Income Margin %	4.42	-8.21	1.3	3.96	7.35
Net Avail. For Common Margin %	4.42	-8.21	1.3	3.96	7.35
Normalized Net Income Margin	5.25	-1.8	1.63	4.33	6.59
Levered Free Cash Flow Margin	10.16	11.1	13.73	13.58	17.09
Unlevered Free Cash Flow Margin	10.9	12.19	14.71	14.4	17.75
Asset Turnover
Asset Turnover	0.42	0.25	0.27	0.31	0.36
Fixed Assets Turnover	0.86	0.49	0.52	0.59	0.7
Receivables Turnover (Average Receivables)	3.47	2.48	2.94	2.98	2.99
Inventory Turnover (Average Inventory)	9.52	9.27	11.08	12.94	13.17
Short Term Liquidity
Current Ratio	0.56	0.7	0.68	0.63	0.74
Quick Ratio	0.48	0.62	0.59	0.53	0.65
Operating Cash Flow to Current Liabilities	0.2	0.14	0.14	0.21	0.27
Days Sales Outstanding (Average Receivables)	105.54	147.37	124.25	122.48	122.5
Days Outstanding Inventory (Average Inventory)	38.46	39.38	32.94	28.21	27.8
Average Days Payable Outstanding	203.47	260.64	247.66	234.38	248.71
Cash Conversion Cycle (Average Days)	-59.47	-73.89	-90.47	-83.7	-98.41
Long Term Solvency
Total Debt/Equity	119.79	154.47	138.66	111.45	92.43
Total Debt / Total Capital	54.5	60.7	58.1	52.71	48.03
LT Debt/Equity	85.29	106.46	100.91	86.7	70.99
Long-Term Debt / Total Capital	38.8	41.83	42.28	41	36.89
Total Liabilities / Total Assets	67.78	71.17	69.64	66.87	64.63
EBIT / Interest Expense	8.3	-1.38	1.89	5.54	10.38
EBITDA / Interest Expense	17.31	7.64	11.4	15.89	21.11
(EBITDA - Capex) / Interest Expense	11.46	5	10.29	14.07	19.49
Total Debt / EBITDA	4.89	13.2	8.44	5.49	3.98
Net Debt / EBITDA	4.54	10.18	6.88	4.96	3.2
Total Debt / (EBITDA - Capex)	7.39	20.16	9.36	6.2	4.31
Net Debt / (EBITDA - Capex)	6.86	15.54	7.62	5.61	3.47
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.52	-33.61	3.89	8.51	13.16
Gross Profit, 1 Yr. Growth %	-2.56	-35.07	10.03	14.67	15.32
EBITDA, 1 Yr. Growth %	45	-56.42	39.45	26.75	21.39
EBITA, 1 Yr. Growth %	-1.43	-116.46	-227.4	167.03	71.34
EBIT, 1 Yr. Growth %